Chinese Economics Thread

[tphuang]

Just looked, but this news doesn't seem to have been posted here:

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This is actually quite significant, and can result in inflationary pressure on western economies.

Chinese commentary on it (it's a new turning point, where these export tax rebates once was to help export companies, but now, no longer really needed. And it will cause inflationary pressure on western countries):

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yes, there is no need to make aluminum and copper cheaper for other countries. It just decreases your own industry's competitiveness in the downstream products.